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SoFi Stock Could Be About to Go Parabolic. Here Are 3 Things Smart Investors Should Know.

TheMotleyFool

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SoFi Stock Could Be About to Go Parabolic. Here Are 3 Things Smart Investors Should Know.: https://g.foolcdn.com/editorial/images/784046/gettyimages-92794942.jpg

Stocks in the financial sector can be some of the hardest to own. In particular, bank stocks are so highly correlated with the macroeconomy that it can be quite daunting assessing the potential of a good buying opportunity.

One stock that has drastically underperformed both the S 500 and Nasdaq Composite so far this year is fintech platform SoFi Technologies (NASDAQ: SOFI).

With shares down roughly 29% in 2024, SoFi investors appear unenthusiastic to say the least. Nevertheless, I think the stock could begin seeing some new life sooner rather than later.

Source Fool.com

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